Actually, not exactly, Sillenger Exploration Corp. (PINK:SLGX) hit the bottom price level on Thursday, but managed to recover during the last session of the week. There are low volumes or no trading activity in the last five days. The first one this week, however, might be a bit different. 
No, nothing has come out from the company during the weekend. No press releases and announcement from Sillenger in the last few weeks. Yet, $20k came out of the pockets of a third party in order to pay for the Sunday promotion for SLGX. A promotion that could focus additional attention to this stock, although it is uncertain how this would affect the share price. As mentioned, last Thursday Sillinger dropped to $0.02 per share, which is the lowest price in the trading history of this company.
In the meantime, there is one other type of document that should be expected soon. One, that is much more important than press releases and promotions; one that could start a trading hype for SLGX, given that certain conditions are met. It is time for the quarterly statement to be released. It is time for traders and shareholders to get a better idea of how the company is doing financially. At the moment, they are left with the figures from the 10-Q with an end-date May 31. Figures, which are not exactly inspiring: [BANNER]
- $93k in cash (total assets);
- $2.99 million in total liabilities;
- $6.4 million in accumulated deficit;
- $0 in revenues;
- $168k in net loss;
So far, there has been a pattern of decline in terms of share prices. Trading volumes also do not exactly point in the direction that there is high interest for this stock. Whether this situation could change, is a question yet to be answered by the management of the company.
